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Browsing Category
Oil & Gas
Most petroleum-funded projects unknown to MMDAs – Report
Selected petroleum-funded projects in the Northern and Savannah Regions are being monitored in a bid to mobilise citizens to demand accountability for the use of oil funds.
Tanker drivers’ strike – COPEC projects LPG shortage
The Chamber of Petroleum Consumers Ghana ( COPEC) says fuel and petroleum products may be in shortage by Thursday if striking tanker drivers do not rescind their action forthwith.
Over 3,000 Ghanaians now work in the Upstream Petroleum Sector – Commission
The Petroleum Commission, a regulatory body responsible for Ghana’s petroleum industry, says a total of 3,759 Ghanaians are currently employed in the Upstream Petroleum Sector out of 4,147 workforce, of which 388 are expatriates.
Torentco to meet an extensive list of “conditions” to demonstrate capability -TOR
The Management and the Board of Directors of the Tema Oil Refinery (TOR) have said that the Company has an extensive list of ‘conditions precedent’ for the lessee, Torentco, to satisfy to demonstrate their capabilities.
African countries export 5.6 million barrels of oil per day while importing 2.3 million barrels
Africa’s leading oil producers and exporting countries, depend heavily on the natural resource for their foreign exchange earnings. Nigeria and Angola for instance, earn around 70 to 75 per cent of their export revenue from oil.
TOR Divisional Union of GTPCWU calls for re-assessment of Torrentco’s credibility
The Tema Oil Refinery (TOR) Division of the General Transport Petroleum Chemical Workers Union (GTPCWU), has urged the company's management and stakeholders. to cease the lease agreement process between TOR and Torrentco.
Springfield Exploration signs $750m deal with Afreximbank
Springfield Exploration and Production Limited (SEP), an independent African energy company, has signed a $750 million facility with African Export-Import Bank (Afreximbank).
GNPC must attract foreign investors for value addition – Tsikata
A former Chief Executive Officer of the Ghana National Petroleum Corporation (GNPC), Tsatsu Tsikata, has asked the Management of the Corporation to actively engage investors to add value to Ghana’s crude oil.
Union calls for investigations into missing $2.5m crude condensate
The General Transport Petroleum Chemical Workers Union (GTPCWU), the mother union of the Tema Oil Refinery workers, has called for an investigation into circumstances leading to the missing of crude condensate worth $2.5 million at the…
Only two countries in Africa do not import oil – Dangote
There are 54 countries in Africa. More than 20 produce oil, and five of these countries are part of the world’s 30 oil-producing countries. However, only two countries in Africa do not import oil.